The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ICG Group whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted significantly.
Margins dropped across the board.
ICG Group chalked up revenue of $43.6 million. The four analysts polled by S&P Capital IQ hoped for a top line of $52.6 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $36.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.40. The four earnings estimates compiled by S&P Capital IQ forecast -$0.20 per share. Non-GAAP EPS of $0.40 for Q4 were 18% lower than the prior-year quarter's $0.49 per share. GAAP EPS of $0.41 for Q4 were 16% lower than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.8%, 520 basis points worse than the prior-year quarter. Operating margin was -17.3%, much worse than the prior-year quarter. Net margin was 33.6%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $53.8 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $227.5 million. The average EPS estimate is -$0.59.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 56 members out of 68 rating the stock outperform, and 12 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give ICG Group a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICG Group is buy, with an average price target of $14.25.
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